Five Star Bancorp (NASDAQ:FSBC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Five Star Bancorp (NASDAQ:FSBC) by 4.3% during the first quarter, HoldingsChannel.com reports. The firm owned 23,975 shares of the company’s stock after selling 1,075 shares during the period. Rhumbline Advisers’ holdings in Five Star Bancorp were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FSBC. BNP Paribas Financial Markets acquired a new stake in shares of Five Star Bancorp during the 4th quarter valued at approximately $60,000. GAMMA Investing LLC grew its stake in Five Star Bancorp by 8,240.7% during the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company’s stock worth $63,000 after buying an additional 2,225 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Five Star Bancorp by 91.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock worth $90,000 after buying an additional 1,427 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Five Star Bancorp during the 4th quarter worth $108,000. Finally, Intech Investment Management LLC bought a new position in shares of Five Star Bancorp in the fourth quarter worth $217,000. 46.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FSBC. Raymond James Financial decreased their target price on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Citigroup reissued an “outperform” rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. Finally, DA Davidson dropped their target price on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Insider Buying and Selling

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,429 shares of Five Star Bancorp stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $27.74, for a total value of $178,340.46. Following the completion of the transaction, the chief executive officer now owns 469,952 shares in the company, valued at approximately $13,036,468.48. The trade was a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.70% of the stock is owned by corporate insiders.

Five Star Bancorp Stock Down 0.1%

FSBC opened at $26.48 on Friday. The firm has a market capitalization of $564.82 million, a P/E ratio of 11.61 and a beta of 0.51. The stock’s 50 day moving average price is $27.62 and its two-hundred day moving average price is $29.01. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.24% and a net margin of 21.64%. The company had revenue of $35.34 million during the quarter, compared to the consensus estimate of $35.27 million. As a group, analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were given a dividend of $0.20 per share. The ex-dividend date was Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 3.02%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.